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Who is preventing new refineries??
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<blockquote data-quote="brett636" data-source="post: 333719" data-attributes="member: 249"><p>Here in the U.S. we have what is called a "free market" economy, or atleast something close to it. The oil companies are "capitalist" companies, meaning they are in business to churn a profit. When a company is turning razor thin profits and has an excess capacity, that company cuts their capacity. Its unfortunate, but true. We all have fond memories of the gas prices of the late 90s, and yes the oil companies did shut down some refineries. Thats just the name of the game in keeping the business going for the long haul. The price of oil has little to do with this as the price has been rising due to increasing demand from China and India coupled with a weaker dollar and a democrat controlled congress has caused it to skyrocket. </p><p></p><p>Now keep this in mind. Even with the skyrocketing price of oil and limited refining capacity the oil companies only make about 6 cents per gallon of gas sold. The goverenment on the other hand earns upwards of 60 cents a gallon depending on what state you are located. Now who is in a better position to lower the price of gas? I can tell you right now that it is not the oil companies, and both barak obama and hillary clinton both support higher taxes on gasoline to help reduce the farce known as "green house gas" emissions. </p><p></p><p>Today we can't increase refining capacity if we wanted to. The government has such strict rules on building a new refinery that it isn't feasible for the oil companies to do so. This is given the oil companies can find a parcel of land where the neighbors will allow them to build one at all. </p><p></p><p>While this is a problem, it has very little to do with the oil companies and a lot to do with our government policies. If something isn't done soon this will only get worse.</p></blockquote><p></p>
[QUOTE="brett636, post: 333719, member: 249"] Here in the U.S. we have what is called a "free market" economy, or atleast something close to it. The oil companies are "capitalist" companies, meaning they are in business to churn a profit. When a company is turning razor thin profits and has an excess capacity, that company cuts their capacity. Its unfortunate, but true. We all have fond memories of the gas prices of the late 90s, and yes the oil companies did shut down some refineries. Thats just the name of the game in keeping the business going for the long haul. The price of oil has little to do with this as the price has been rising due to increasing demand from China and India coupled with a weaker dollar and a democrat controlled congress has caused it to skyrocket. Now keep this in mind. Even with the skyrocketing price of oil and limited refining capacity the oil companies only make about 6 cents per gallon of gas sold. The goverenment on the other hand earns upwards of 60 cents a gallon depending on what state you are located. Now who is in a better position to lower the price of gas? I can tell you right now that it is not the oil companies, and both barak obama and hillary clinton both support higher taxes on gasoline to help reduce the farce known as "green house gas" emissions. Today we can't increase refining capacity if we wanted to. The government has such strict rules on building a new refinery that it isn't feasible for the oil companies to do so. This is given the oil companies can find a parcel of land where the neighbors will allow them to build one at all. While this is a problem, it has very little to do with the oil companies and a lot to do with our government policies. If something isn't done soon this will only get worse. [/QUOTE]
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